Today, TDC announces that its 64% (62.5% on a fully diluted basis) controlled subsidiary Hungarian Telephone and Cable Corp. (“HTCC”), which is listed on the American Stock Exchange, has signed a Share Purchase Agreement to acquire 95.7% of the share capital of the Austrian-based Memorex Telex Communications AG (“Memorex”), one of the leading alternative bandwidth providers in Central and Eastern Europe with the largest fixed-line infrastructure in the region. The total consideration amounts to EUR 90.5 million (app. USD 130.3 million). The consideration includes the assumption of EUR 60.2 million (app. USD 86.7 million) in debt and a cash consideration of EUR 30.3 million (app. USD 43.6 million) to the shareholders of Memorex. The consideration will be financed solely by HTCC. TDC expects the acquisition to have a positive impact on TDC's EBITDA for 2008 and onwards. Closing of the acquisition is expected in February 2008 following the satisfaction of customary closing conditions, including obtaining the necessary competition authority approvals. Following closing, HTCC intends to acquire the remaining shares in Memorex in accordance with Austrian law, resulting in its ownership of 100% of the share capital. For further information please contact TDC Investor Relations on +45 6663 7680. TDC A/S Noerregade 21 0900 Copenhagen C DK-Denmark tdc.com